{"id":1742,"date":"2024-01-11T13:52:53","date_gmt":"2024-01-11T13:52:53","guid":{"rendered":"https:\/\/digitone.news\/?p=1742"},"modified":"2024-01-11T13:52:54","modified_gmt":"2024-01-11T13:52:54","slug":"ceragon-networks-announces-major-sale-to-india","status":"publish","type":"post","link":"https:\/\/digitone.news\/index.php\/2024\/01\/11\/ceragon-networks-announces-major-sale-to-india\/","title":{"rendered":"Ceragon Networks Announces Major Sale to India"},"content":{"rendered":"\n<p><strong>Ceragon Networks Ltd.\u00a0<\/strong>(NASDAQ: CRNT),\u00a0the global innovator and leading solutions provider of 5G wireless transport, today announced it has signed an agreement with a global integrator, in support of a network modernization project for a Tier 1 Operator in India. As stipulated in the agreement, Ceragon will support a massive modernization project focused on upgrading existing network capabilities, expanding capacity, improving country-wide connectivity, and delivering services that meet, and even exceed, India&#8217;s growing needs.<\/p>\n\n\n\n<p>This brand-new customer of Ceragon will be the first to deploy its newest solutions. The agreement, valued at approximately $150 million, comprises planning, product delivery and deployment services, as well as a multi-year contract for Ceragon&#8217;s Managed Services that covers day-to-day monitoring, management, and maintenance oversite of the microwave and mmW (millimeter wave) network.\u00a0The actual value of the agreement may vary by an increase or decrease of up to 25%, depending upon the actual deployment requirements during project roll-out. Ceragon is expected to begin delivery and deployment of the new sites in Q2 of 2024. Deployment is expected to complete within 7-9 quarters, with approximately 75% of the project value expected to be recognized in this timeframe. The remaining approximately 25% of the contract value is for Managed Services &amp; Maintenance and is expected to start being recognized within a year from deployment, respectively.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"767\" src=\"https:\/\/digitone.news\/wp-content\/uploads\/2023\/08\/CeragonBuildingRoshHaayin-1024x767.jpg\" alt=\"\" class=\"wp-image-1673\" srcset=\"https:\/\/digitone.news\/wp-content\/uploads\/2023\/08\/CeragonBuildingRoshHaayin-1024x767.jpg 1024w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/08\/CeragonBuildingRoshHaayin-300x225.jpg 300w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/08\/CeragonBuildingRoshHaayin-768x575.jpg 768w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/08\/CeragonBuildingRoshHaayin-150x112.jpg 150w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/08\/CeragonBuildingRoshHaayin-696x521.jpg 696w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/08\/CeragonBuildingRoshHaayin-1068x800.jpg 1068w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/08\/CeragonBuildingRoshHaayin.jpg 1352w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Ceragon Networks Ltd.\u00a0(NASDAQ: CRNT),\u00a0the global innovator and leading solutions provider of 5G wireless transport, today announced it has signed an agreement with a global integrator, in support of a network modernization project for a Tier 1 Operator in India. As stipulated in the agreement, Ceragon will support a massive modernization project focused on upgrading existing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,46],"tags":[],"class_list":{"0":"post-1742","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hightech","8":"category-sales"},"_links":{"self":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/comments?post=1742"}],"version-history":[{"count":1,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1742\/revisions"}],"predecessor-version":[{"id":1743,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1742\/revisions\/1743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media\/1673"}],"wp:attachment":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media?parent=1742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/categories?post=1742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/tags?post=1742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}